The State Government of Queensland: Intervene to lower the costs of home and building insurance in Queensland
  • Petitioned Mr Gavin King

This petition was delivered to:

The Member for Cairns
Mr Gavin King
Member for Leichhardt
The Hon Warren Entsch MP
The Premier of Queensland
The Hon Campbell Newman
Member for Barron River
Michael Trout MP

The State Government of Queensland: Intervene to lower the costs of home and building insurance in Queensland

    1. Roger Ward
    2. Petition by

      Roger Ward

      Cairns, Australia


Hello, I am Roger Ward, a resident of Cairns and Director of As a finance professional I meet daily with homeowners and see them struggle with insurance premiums which have increased 300-800% in recent years. Its this experience which makes me someone who is deeply concerned about the spiralling Insurance costs for Queenslanders.


Let’s get some real action to lower building insurance costs in Queensland.


With the effects of the GFC still being felt throughout the economy, Queenslanders have been singled out for some special treatment by the insurance industry which has increased building insurance premiums, up to 800% in some cases.


These increases have been done under the guise that it’s a “means to recover costs” from cyclone Yasi and the Brisbane Floods, however as time goes by its evident it has less to do with costs and more to do with a marketing opportunity to increase premiums. The situation for consumers is further complicated by market failures that have led to an ever decreasing pool of insurers.


I feel the human cost of these increases has not been fully understood by the Qld State Government and the Federal Government. To put things in perspective, some of these building insurance premiums can take up to 46% if an age pensioner’s yearly income.


These building insurance increases have been felt across the board with strata properties, single dwellings and commercial property all being heavily affected. The increased premiums have brought no more cover, in fact, in a growing number of cases the increased fees are being charged with lower quality cover, in the form of changing definitions of climatic events, and event based large excess fees. Also, in some cases, post codes are simply eliminated from cover altogether by the major insurers thus leaving residents at the peril of insurers willing to take on the risk “at a price” .


Waiting is simply not an option. The Insurance industry has proven itself unwilling and dysfunctional in its ability to manage risk, and more importantly, manage shortfalls in the industries competition landscape. 


In this election year I ask that all Queenslanders sign this petition so we can place our case for immediate action before our State and Federal Politicians who can do something about this. For immediate action I ask the following.


1.       That Legislation is brought forward to compel Insurers to include Flood Cover and for the associated risk to be shared nationally via a reinsurance underwriting program.  


2.       For Legislation to be brought forward to outlaw Body Corporate Managers from receiving commissions solely on the basis of the premium amount they provide. This unholy commission scheme only puts a cash incentive for the Body Corporate Managers to supply higher premiums.


3.       That a Parliamentary review be done of the Retail and Reinsurance market to assess if there is workable competition in the market and consider if there are opportunities to introduce more competition. Further to this, the review is to consider the Retail Insurance Consolidation that has occurred in the last decade and assess if this has resulted in a better outcome for consumers and if the industry has an environment that fosters competition.

4         For the State and Federal Government to form a joint committee to immediately consider the option to set up a fund to underwrite for the purposes of disaster insurance with the outcome to reduced premiums for Queensland residents.

Recent signatures


    1. Gavin King Meets with the Premier

      Roger Ward
      Petition Organizer

      Gavin King MP has had a meeting with Premier Campbell Newman to discuss the road ahead to get some action on insurance premiums.

      We are disappointed to see this result in little more than more committees being formed and the insurance industry being let off the hook once again.

    2. Reached 200 signatures
    3. An important meeting with Michael Trout

      Roger Ward
      Petition Organizer

      Getting traction on this matter is going to take action from our local members of parliament. What a great opportunity it was to have an extensive meeting with our local member, Michael Trout. Genuine concern was shown by Mr Trout who had his own catalogue of Insurance horror stories to tell.
      In the meeting we discussed extensively:
      1. The costs to the local economy of paying these outrageous insurance premiums.
      2. How insurance premiums are placing downward pressure on Queensland property values
      3. How interstate real estate investors are being turned off Queensland property
      4. What is the impact on low income earners
      5. What government can do to fix this problem.
      At the end of this meeting Mr Trout gave a commitment to speak about this matter in parliament next week. He said he would also urge all members of parliament and their constituents to sign my petition.

    4. A great interview on 4CA Local Radio

      Roger Ward
      Petition Organizer

      . Hello Friends.

      Great news as this week we have had some more media interest in our Petition.
      Early in the week I did an extensive interview on 4CA radio. This gave me the opportunity to put my case to locals and urge them to sign up. John McKenzie was very supportive of my view that this is a matter our politicians need to address immediately

    5. Reached 50 signatures
    6. The Cairns Post Takes up the Cause

      Roger Ward
      Petition Organizer

      Great news!!!

      The Cairns Post has agreed to run a story in tomorrow’s Weekend edition. I'm convinced this brilliant exposure will catapult our cause to new heights.

      I feel this issue is close to the hearts of all Queenslanders and I'm hoping for a response in the thousands.

      Thank you for your support.

    7. Reached 10 signatures


    Reasons for signing

    • Micheal Ottey AUSTRALIA
      • 6 months ago

      Insurance is to expensive for most people now if they do this only a select few will be insured and they don't need it .

    • Stefan Hallin AUSTRALIA
      • 10 months ago

      Costs do not reflect regional FNQ insurance payouts

    • Rosemarie Anderson AUSTRALIA
      • over 1 year ago

      My House and Contents Insurance has increased by around $2500 this year. This represents just over one month's income for my husband and myself. We just can't afford it.

    • Jodie Henningsen TOWNSVILLE, AUSTRALIA
      • over 1 year ago

      Increasing insurance costs are costing too much.

    • Rebekah Tottle AUSTRALIA
      • over 1 year ago

      It is starting to get the the point that I can't afford it and will have to go without.


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